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., and try to save america from falling off the fiscal cliff. how does the president when this optics war, grover? >> it is all politics. he has not put a proposal on the table that makes any sense. republicans have actually passen plan a, bu the ryan budget, the ryan plan. ent saving transit dollars over the decade. it reforms taxes, does not raise it, reforms that without raising taxes on people. so that is a plan that is passed in the house of representatives in the house of representatives republicans in the senate. the alternative to that is nothing. eric: we know that will not pass the senate and we know the white house will not sign it. here is what my contention has been. allow me. work with me. very important question at the end of this. we go off the cliff, all the tax cuts expire, sequestration,ick whatever. here is the question though. if president obama then says i will put in the tax cuts for anybody making under $250,000 per year, call it obama taxll r cuts, will republicans say no to voting for a tax cut? >> the interesting quest
., and try to save america from falling off the fiscal cliff. how does the president when this optics war, grover? >> it is all politics. he has not put a proposal on the table that makes any sense. republicans have actually passen plan a, bu the ryan budget, the ryan plan. ent saving transit dollars over the decade. it reforms taxes, does not raise it, reforms that without raising taxes on people. so that is a plan that is passed in the house of representatives in the house of...
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Dec 27, 2012
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the house have already passed legislation to avoid the fiscal cliff. democrats have not. house republicans passed a bill a few months ago, in the manner they wanted extending the current tax rates. democrats a few months ago passed their preferred option letting taxes increase for families earning more than $250,000 a year so both sides are now on their opening position. even if lawmakers, congressional leaders work out a deal at the top level will take days probably for anything to get through the house and senate. tracy: just to be cleared john boehner said he would give him 48 hours notice will for they had to come back. if he calls them today they don't have to be back for 48 hours. >> right. they have a conference call, republican conference in 30 minutes to discuss their next move. they announced they are coming back, the earliest they would be back in session would be saturday but even if lawmakers are you there is no deal yet, the upper echelons of congressional leadership that would have them vote on anything so we are waiting for congressional leaders to work so
the house have already passed legislation to avoid the fiscal cliff. democrats have not. house republicans passed a bill a few months ago, in the manner they wanted extending the current tax rates. democrats a few months ago passed their preferred option letting taxes increase for families earning more than $250,000 a year so both sides are now on their opening position. even if lawmakers, congressional leaders work out a deal at the top level will take days probably for anything to get through...
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Dec 27, 2012
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and save america from the fiscal cliff. how does the president win this optics war, grover? >> well, it's all politics. he's not put a proposal on the table that makes any sense. when talk about plans a, b, and c, the republicans have passed plana,he ryan bill, ryan budget and plan. that saves $6 trillion over the next decade. it reforms entitlements. it reforms taxes. doesn't raise them, reforms them without raising taxe on people. so that's a plan that's written down that's passed the house of representatives and has strong support among republicans in the senate. the alternative is nothing. >> we know that's not going to pass the senate and we also know the white house isn't going to sign that. move on. my contention is after -- >> allow me. >> work with me. it's an important question. let's say president obama says we're going off the fiscal cliff. we go off the cliff. tax cuts expire, sequestration, they kick it down the road. if president obama then says i'm going to put in tax cuts for anyone making under $250,000 a year. i'm going to call them obama tax cuts. will ru
and save america from the fiscal cliff. how does the president win this optics war, grover? >> well, it's all politics. he's not put a proposal on the table that makes any sense. when talk about plans a, b, and c, the republicans have passed plana,he ryan bill, ryan budget and plan. that saves $6 trillion over the next decade. it reforms entitlements. it reforms taxes. doesn't raise them, reforms them without raising taxe on people. so that's a plan that's written down that's passed the...
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Dec 28, 2012
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to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >> tomorrow's meeting with the president will be the first time president obama sat down with all four leaders since november 16th. and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look
to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and...
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to avert the fiscal cliff. and nbc's white house correspondent peter alexander joins me now. republicans saying, oh, the president is having a deal. the president is saying no. harry reid is saying no. what do we know? >> i guess we know very little. we know this isn't going to be litigated in the mead ra. but the white house wants to make it very clear that there is no new proposal on the way to its hill today despite the comments from senator scott brown and others today, a senior administration telling me a short time ago, and i quote, there is no proposal being sent up today. i think that does it pretty emphatically. that was the language that came from harry reid just a short time ago. the president is here. we have reached out to aides, as well. they say they have no information that he will be speaking publicly today. we also know as you see him arriving only a matter of hours ago that the vice president, joe biden, has been meeting in the white house, as well. but at this point, that's where things stan
to avert the fiscal cliff. and nbc's white house correspondent peter alexander joins me now. republicans saying, oh, the president is having a deal. the president is saying no. harry reid is saying no. what do we know? >> i guess we know very little. we know this isn't going to be litigated in the mead ra. but the white house wants to make it very clear that there is no new proposal on the way to its hill today despite the comments from senator scott brown and others today, a senior...
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cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the funerals for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we did tonight with occupy wall street during the heyday of the occupy movement last year if you were lucky enough to walk through one of the encampments says i was frequently here at occupy d.c. good to see a community built as an example of what our nation should be striving for you would've seen hell. care provided for free no for profit health insurance leeches looking to squeeze as much money as they can out of the family caring for a sick child you also want to see education provided for free and healthy food provided for free and shelter provided for free so when it comes to basic essentials before profit motive w
cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the funerals for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we did tonight with...
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which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid responded, house republicans pushed middle class families closer to the blip by wasting an entire week with their incompetent plan b stunt no further legislation can move through the senate until republicans drop their knee jerk obstruction. the house is literally phoning it in, tomorrow's conference call will reportedly include the entire caucus, not just republican leadership, the irony is that if we go over the cliff, the president will get whatever he wants on texas, and there's been a growing acknowledgement of this by some house and senate republicans. here's sena
which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid...
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Dec 24, 2012
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>> increasingly, i think we will go over the so-called fiscal cliff. short-term will hurt the republicans, undeniably. long-term, it will hurt the democrats and president obama. dennis: i thought all along that the republicans would look horrible. now, i'm wondering if it is switching the other way. a family earning only $20,000 a year will see that their tax refund gets cut in half if we go off the cliff. >> i think you are right. especially since we have not had the follow-through, dennis. what is the reason for all of this? where are we heading? the president, nor the republicans have answered that question. dennis: thank you for being with us. dagen: chicago mayor is renewing a plan to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent i
>> increasingly, i think we will go over the so-called fiscal cliff. short-term will hurt the republicans, undeniably. long-term, it will hurt the democrats and president obama. dennis: i thought all along that the republicans would look horrible. now, i'm wondering if it is switching the other way. a family earning only $20,000 a year will see that their tax refund gets cut in half if we go off the cliff. >> i think you are right. especially since we have not had the...
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cliff. now all eyes will be on the senate after house republicans said it's up to them to reach the deal. nbc's danielle leigh is on capitol hill. what's the latest? >> it's another day and another standoff. john boehner may not even bring the house back to town until the senate comes up with a possible plan. >> reporter: obama leaves his tropical retreat in hawaii for a wintry washington, tension on capitol hill is on high. >> i don't so how you could hammer out any kind of a grand bargain or large plan involving tax reform and entitlement changes in a matter of days. >> reporter: serious doubt is setting in. even starbucks is getting involved, writing "come together" on its cup. speaker john boehner says he's sitting this round out after failing to get enough house republicans to support his own plan just before christmas. >> i think boehner is being controlled unfortunately by the right wing. >> reporter: that leaves it up to majority leader harry reid and the rest of the senate to find a
cliff. now all eyes will be on the senate after house republicans said it's up to them to reach the deal. nbc's danielle leigh is on capitol hill. what's the latest? >> it's another day and another standoff. john boehner may not even bring the house back to town until the senate comes up with a possible plan. >> reporter: obama leaves his tropical retreat in hawaii for a wintry washington, tension on capitol hill is on high. >> i don't so how you could hammer out any kind of a...
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basically blaming the republicans for no deal on the fiscal cliff. a news alert for you now. a new number from apple today showing exactly what tim cook made this year. he brought in $4.17 million that includes his base pay and incentives and that is down 99% from the $370 million team made last year. apple chief didn't get any stock awards this year, apple languishing above $500 a share. please check out this video, a real life iron man, and exoskeleton that gives that person, paralyzed people the ability to walk. a lot is banked on military research. dr. mark siegel is here with the story. i want to see if i have got this right. >> you always have it right. stuart: an exoskeleton is essentially a robot. a paralyzed person wears this robot, there's a backpack of some sort. >> not exactly. this is a big game change iran's big business. these things are running between one hundred and 1 forty thousand dollars. there are 30 run the country, 30 centers run the country and within a year or two they are going to be in the home and that is going to be huge. they allow a paralyzed p
basically blaming the republicans for no deal on the fiscal cliff. a news alert for you now. a new number from apple today showing exactly what tim cook made this year. he brought in $4.17 million that includes his base pay and incentives and that is down 99% from the $370 million team made last year. apple chief didn't get any stock awards this year, apple languishing above $500 a share. please check out this video, a real life iron man, and exoskeleton that gives that person, paralyzed people...
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asking for, if there is any hope of averting the fiscal cliff. shibani? shibani: thanks very much, rich. we're also learning house speaker bain are is not in fact returning to the capitol. leaving the ball in the senate's court. if we do get any sort of statement out of any senators that were involved we'll of course bring that to you. david: well the president is always talking about math and it is just a matter of simple math things don't add up. well, he is right. increase of expenditures in his administration has gone up 25% from his predecessor. if we can put up the figure, the full screen that we have showing that. in 2008 we spent about $2983 -- $2.98 trillion. that went up as you can see in the next year primarily because of the extra spending with the stimulus program but it didn't really slow down. it just kept up at the increased level. how is the president going to get the money to fund his new spending? that's a question that our next guest has been thinking long and hard about. he is thomas fanning, chairman, ceo and president of so
asking for, if there is any hope of averting the fiscal cliff. shibani? shibani: thanks very much, rich. we're also learning house speaker bain are is not in fact returning to the capitol. leaving the ball in the senate's court. if we do get any sort of statement out of any senators that were involved we'll of course bring that to you. david: well the president is always talking about math and it is just a matter of simple math things don't add up. well, he is right. increase of expenditures in...
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we have to try to avoid the biggest dive that we could take off the fiscal cliff. >> republicans are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the equation. >> if we look at just the spending -- what cuts would you support? >> the president has put forward and agreed to speaker boehner -- in meeting the republicans more than halfway, he's agreed to a dollar in revenue to a dollar in spending cuts. i mean, hundreds of billions in spending cuts, we voted for a trillion in spending cuts, richard, last summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the
we have to try to avoid the biggest dive that we could take off the fiscal cliff. >> republicans are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the...
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he's been laying low but senate minority leader mitch mcdonnell addressing the fiscal cliff. >> now republicans have bent over backwards. we stepped way, way out of our comfort zone, we wanted an agreement. but we had no takers. the phone never rang and now here we are, five days from the new year and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal and if they had something to fit the bill, i'm sure the majority leader would have been able to deliver the votes the president needed to pass it here in the senate and we wouldn't be in this mess. but here we are, once again, at
he's been laying low but senate minority leader mitch mcdonnell addressing the fiscal cliff. >> now republicans have bent over backwards. we stepped way, way out of our comfort zone, we wanted an agreement. but we had no takers. the phone never rang and now here we are, five days from the new year and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal and if they had something to fit the bill, i'm sure the majority leader would...
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Dec 26, 2012
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cliff and the republican haves the boehner rule to ask for a dollar in cut for every dollar the limit is extended. the debt limit being money that we have paid and obligation to pay. and so, if democrats and republicans aren't come together now, and a month and a half from now republicans come back to the table and say we need more cuts, i don't know what the president is going to look to to cut. seems like a complicated mess that they have on their hands and the more clarity they get now, the easier it's going to be in a few weeks from now. if they get a small deal that leaves no path forward on the bigger issues i think that we'll be here in a month and a half talking about the same things. >> thank you so much, meredith and david. >> thank you. >> thank you. >>> a huge winter storm packed with snow and sleet out of the midwest and heading towards the eastern seaboard. blizzard warnings from arkansas to illinois. wintry mix is expected in the northeast. it's the same storm system that sparked a tornado outbreak in the south yesterday. these pictures of mobile, alabama. the twister c
cliff and the republican haves the boehner rule to ask for a dollar in cut for every dollar the limit is extended. the debt limit being money that we have paid and obligation to pay. and so, if democrats and republicans aren't come together now, and a month and a half from now republicans come back to the table and say we need more cuts, i don't know what the president is going to look to to cut. seems like a complicated mess that they have on their hands and the more clarity they get now, the...
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timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink every night so i did not know if i will get there or not. gerri: you glass half-full kind of guy. i hope your champagne glasses more than half full on new year's. have a good one. while the chances of lawmakers reaching a deal seemed to be slim to none, you'll be glad to know some state lawmakers will% be warned though much more productive. here are some of our favorites. let's start with illinois. starting in 2013 and new law gives motorcyclists be okay to run red lights. leave it or not. after complaints from cyclist who say light sensors don't see the cycles. and the okay for computer-driven ca
timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink...
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republicans don't -- >> andrea: admit it. face calf cliff is not the fiscal cliff. it should be called returning to the clinton era tax rate. isn't that the democrats' dream? return to clinton era tax rates? >> juan: that was 39%. that is not a big deal. not comparable to rates under reagan or going back to clinton. clinton was 39%. >> eric: that is where we are going. what about this. every time boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republicans. i don't care about that. that is nothing. i get that for free. he is the guy changing the play for his side. what about the right? >> juan: the american people. look at the poll, they think president obama is willing to compromise. >> andrea: which is ironic. [ overtalk ] >> juan: who are the obstructionists? it's my ideology, i can't negotiate. even if we go off the cliff, endanger the whole economy. >> greg: here is thing. the idea of adhering to a principle in this world is seen as extremism, trying
republicans don't -- >> andrea: admit it. face calf cliff is not the fiscal cliff. it should be called returning to the clinton era tax rate. isn't that the democrats' dream? return to clinton era tax rates? >> juan: that was 39%. that is not a big deal. not comparable to rates under reagan or going back to clinton. clinton was 39%. >> eric: that is where we are going. what about this. every time boehner an obama get close to a deal, president obama moves the goalpost back....
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. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time. both parties undoubtedly laying the groundwork for the fiscal cliff showdown that will unfold between its 435 house members. one of those members is democratic congressman from michigan. he's kind enough to join me. thank you for being with us today. first of all, if you could get me up to speed on the decision to make a decision v you heard anything about the possibility there might be a vote today with your members? >> i haven't heard directly. i think there will be. i think the vote last night in the senate set the stage. it was overwhelming. we're going to have a caucus democrats and republicans will
. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time....
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the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's national commission on fiscal responsibility and reform. and she's currently a senior fellow at the brookings institution. thank you for being here tonight. >> happy to be here. >> you know much more about this than i do. you heard the intro, is there anything you want to add or correct anyway you see the fiscal cliff that you think people should know about? >> i thought your five points were good ones, especially the one about austerity, what we're talking about now is doing something really stupid as you said, and letting the wrong policies go into effect. too much deficit reduction, to
the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's...
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Dec 24, 2012
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the first step in the fiscal cliff ought to be a republican discussion about what they were and were not willing to do. that did that seem to take place until earlier this week. the conversation was inconclusive. the one thing that has not happened yet, democrats have provided the votes on a lot of budget-related matters over the years but it was only after the tea party gave boehner permission to negotiate with the democrats -- those circumstances have to happen. we see you pushed as hard as you could. we now need to get something done. we're going to vote against this but work with the democrats. host: we have spoken to a number of republicans who say that the problem is spending. the government needs to cut spending. that is where we need to go in terms of reducing the deficit. guest: that is true, we need to cut spending, but there is some conflicting other couple issues. we to cut long-term spending on retirement programs to make them more in line with economic growth, not make them grow that much more quickly than economic growth. all the things that the republican house has pa
the first step in the fiscal cliff ought to be a republican discussion about what they were and were not willing to do. that did that seem to take place until earlier this week. the conversation was inconclusive. the one thing that has not happened yet, democrats have provided the votes on a lot of budget-related matters over the years but it was only after the tea party gave boehner permission to negotiate with the democrats -- those circumstances have to happen. we see you pushed as hard as...
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. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the president. >> as of this point is looks like i'm going to be spending new year's here in d.c. i can come to your house? is that what you're saying? >> happy new year! >>> grab your party hats, chill the bubbly. just eight hours to go. yes, we are all waiting to cue the confetti with hopes for a last-minute deal to avert the fiscal cliff. with sweeping tax hikes and spending cuts set to take effect at midnight, frantic negotiations are ongoing at this hour with the president teasing the prospect of a deal on at least part of the cliff just hours ago. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. we w
. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the...
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we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from capitol hill. we begin with fox tea
we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live...
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this is again where the republicans have the majority and as we've been seeing with the fiscal cliff there is not a lot of wiggle room. we're going to have to see compromise. the last immigration reformabout in 1986 took both republicans and democrats working together. it can't be just a democratic lift. >> thank you victoria defrancesco soto. this is something we'll be watching over the next two to four years. >> and coming up, the controversy over keeping fast food chains open on christmas. i, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could be more important? so this year, every hasbro toy donated to toys for tots will be powered by duracell. happy holidays. duracell with duralock. trusted everywhere. >>> a happy meal for a happy holiday? well, mcdonnell's holds so. it's pushing its franchises to stay open despite a long tradition of giving its employees a break for the holiday. now some workers and customers are pushing back on that possibility. joining us now, jonathan weston of fast food forward, a group working to u.n.ize fa
this is again where the republicans have the majority and as we've been seeing with the fiscal cliff there is not a lot of wiggle room. we're going to have to see compromise. the last immigration reformabout in 1986 took both republicans and democrats working together. it can't be just a democratic lift. >> thank you victoria defrancesco soto. this is something we'll be watching over the next two to four years. >> and coming up, the controversy over keeping fast food chains open on...
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the leadership for being on vacation as the nation teeters on the edge of the so-called fiscal cliff. house republicans are holding a conference call from their districts that should be starting right about now we are told. steny hoyer urged them to come back to work and find a solution. >> i hope they can conclude as we have concluded and i speak for leader pelosi, myself and all of the democratic leadership that we must come back as soon as possible to work together to reach a compromise to assure that we are address the importance legislation that is still pending in this congress. a congress i believe is the least productive, most con front asianal and least compromising congress in which i have concerned and i've been here since 1981. >> that's saying a lot. at this point, it's not clear whether that conference call we mentioned with the house republicans, it's not clear whether that call meant to give members the 48-hour notice to get back to work. with five days before the spending cuts and tax hikes to take effect, we learned today that negotiators are talking. the white hous
the leadership for being on vacation as the nation teeters on the edge of the so-called fiscal cliff. house republicans are holding a conference call from their districts that should be starting right about now we are told. steny hoyer urged them to come back to work and find a solution. >> i hope they can conclude as we have concluded and i speak for leader pelosi, myself and all of the democratic leadership that we must come back as soon as possible to work together to reach a...
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avoid the fiscal cliff. the gop is blamed for the holdup. no further legislation can move unless republicans drop their knee-jerk obstruction. the mayfield gradual at first, except on wall street. >> the reaction of the financial markets and the stock markets. you could see something quick. >> a top ceo is hoping to jolts them into action. >> i am maintaining my optimism that we will see the republicans and administration come together and do what is right for the country. >> starbucks its in its message that our players in washington and take me out an ad featuring a quotation from lincoln. will it work? we will see. >> hallie jackson, thank you. >> kim dacey is live on what you need to know. >> about a dozen state laws will go into effect next tuesday. we have highlighted just a few. with any new year comes new opportunities and of course new laws. after a battle, gay couples will be able to say "i do" on january 1. another new law changes the election cycle. they will be held on the same cycle as presiden
avoid the fiscal cliff. the gop is blamed for the holdup. no further legislation can move unless republicans drop their knee-jerk obstruction. the mayfield gradual at first, except on wall street. >> the reaction of the financial markets and the stock markets. you could see something quick. >> a top ceo is hoping to jolts them into action. >> i am maintaining my optimism that we will see the republicans and administration come together and do what is right for the country....
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fiscal cliff. es it d to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta
fiscal cliff. es it d to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher...
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Dec 28, 2012
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cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader mcconnell. nothing is happening. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year. with the clock ticking, reid pointed a finger at the house of representatives, which still hasn't ret
cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader...
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a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry
a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a...
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going over the fiscal cliff. he promoezed that we don't tax -- no tax increase until $400,000, instead of $250,000. he proposed -- he said he would be willing to go with the republican demands for entitlement cuts cutting colas on social security which i think is obnoxious and will not vote for under any circumstances. he made a lot of concessions, too many. the republicans showed, though, when they voted against cutting taxes for 99.8% of americans, because they wouldn't allow taxes to go up for people above $1 million, they showed that it's very difficult to do business this w them. >> you said the president made too many concessions. >> i think so. >> were you more a fan of the $250,000 and less than that or -- >> i'm more of a fan of the $250,000 but mainly, mainly i would not vote for a nickel in -- under any circumstances for a nickel in cuts to social security benefits. >> so when we look at that and there are those on the right that say i won't vote for a nickel in revenue and then you coming on saying i
going over the fiscal cliff. he promoezed that we don't tax -- no tax increase until $400,000, instead of $250,000. he proposed -- he said he would be willing to go with the republican demands for entitlement cuts cutting colas on social security which i think is obnoxious and will not vote for under any circumstances. he made a lot of concessions, too many. the republicans showed, though, when they voted against cutting taxes for 99.8% of americans, because they wouldn't allow taxes to go up...
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deal aimed at at least portions of the fiscal cliff on overting tax hikes on middle income americas. they're still vague about delaying across-the-board spending cuts known as the sequester. stay with msnbc for more updates. now back to "hardball." >> let's dig into the turning points of general election. first up, the video that turned out to be the low point for the romney campaign. the candidates taped campaigns that half the americans are lazy. it's known as the 47% video. let's listen again. >> . >> never trust the caterers. anyway, republican national chairman committee man. i say that because i could not have been somebody who paid 1 $10,000 to go 234 there and then hurt the guy. >>> if u you're right about this election, it's the numbers. first of all, they occupy people. 1 pnt. all of the sudden, 1% became the thing to talk about. and then the 47% being anybody who's on any kind of government benefit program. whether it's disability or retirement or military or pension. everything was panted as bad. where did he get that number? >> well, look, you know, this election was all
deal aimed at at least portions of the fiscal cliff on overting tax hikes on middle income americas. they're still vague about delaying across-the-board spending cuts known as the sequester. stay with msnbc for more updates. now back to "hardball." >> let's dig into the turning points of general election. first up, the video that turned out to be the low point for the romney campaign. the candidates taped campaigns that half the americans are lazy. it's known as the 47% video....
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we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this is retail analyst. we appreciate you being here. we were reporting about this today on the fox business network. one i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern f
we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or...
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i think they'll tell you another story. >> fellow republicans discuss the fiscal cliff deal. sheila jackson from texas was in the room with the democrats. she joins me now. congresswoman. happy new year. >> happy new year, chris, to you, and happy new year to mesh. >> well, i know you ducked out of the meeting, but can you give us a sense of what it was like in that room? >> i certainly can. first of all, let me thank president obama and vice president biden working as a team on behalf of the american people and for showing the extent of patience that they've had to show over these last couple of months and certainly since august of 2011. there's about an a great deal of patience, and i think as the meeting has begun with the vice president he was appropriately respectful of how challenging an effort this was, but more importantly, how important this was for the american people and the trust that was given to him by the president and leader reid to engage with jord leader mcconnell who had heretofore, if you will, joined with the chorus of naysayers not wanting to do figure.
i think they'll tell you another story. >> fellow republicans discuss the fiscal cliff deal. sheila jackson from texas was in the room with the democrats. she joins me now. congresswoman. happy new year. >> happy new year, chris, to you, and happy new year to mesh. >> well, i know you ducked out of the meeting, but can you give us a sense of what it was like in that room? >> i certainly can. first of all, let me thank president obama and vice president biden working as a...
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they are considering some legislation not related to the fiscal cliff. i asked a spokesman and no response. i did hear that they have two republican senators in maine. what kind of advice are members of congress getting for traveling? they are getting the same advice as we get. take a listen. >> we would tell a member of congress the same thing we would tell any other traveler. check with their airlines before they head for the airport. things here in washington are in real good shape for their arrival. let's check in with nana to see if those numbers will have any problems getting all. >> we are in pennsylvania. we had to stop here because road conditions deteriorated so quickly last night. i wanted to mention this, the first winter storm of 2012 is now claiming 15 lives. this is expected to dump a couple of feet and snow in some places. it looks like it is only 4 inches here at the moment. the totals were not where they have been in years past. i did speak with the borough president here in clarks summit. because of the lack of snow last year, it reall
they are considering some legislation not related to the fiscal cliff. i asked a spokesman and no response. i did hear that they have two republican senators in maine. what kind of advice are members of congress getting for traveling? they are getting the same advice as we get. take a listen. >> we would tell a member of congress the same thing we would tell any other traveler. check with their airlines before they head for the airport. things here in washington are in real good shape for...
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this pessimism about going over the fiscal cliff. privately, that's all what we're hearing that it is a real possibility to go over the cliff, even though there's a possibility of still working out a deal. but this is a last-ditch effort for sure. >> it's incredible that privately they are also saying that. everyone thought once we get closer to the deadline, they are going to get it together, come up with some sort of deal. if this stopgap measure does actually pass before january 1st, is the president prepared to go back to d.c. and cut his vacation short? >> reporter: he is. officially he's supposed to be here through the new year, but it sounds like talking to the white house that it's not really a matter of if the president goes back to washington, d.c., it's a matter of when. if there is legislation to go through the senate, this is something that's it going to need president obama to be there twisting arms. he's the commander-in-chief, but when it comes to something like this, he may be the top lobbyer in chief so he'll need t
this pessimism about going over the fiscal cliff. privately, that's all what we're hearing that it is a real possibility to go over the cliff, even though there's a possibility of still working out a deal. but this is a last-ditch effort for sure. >> it's incredible that privately they are also saying that. everyone thought once we get closer to the deadline, they are going to get it together, come up with some sort of deal. if this stopgap measure does actually pass before january 1st,...
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cliff, while attitudes towards republicans are consistently bad and the blame and disapproval is only growing for them. it's costing them in the polls and at the polls this crisis of leadership, this consistent blocking that every obama has tried to do. it's really over a tax increase, and for what? it's really to stop primary challenges. that's what this is all about. i mean, it's really bringing the country to a standstill for their own political short term. >> "new york times" is talking about the urgency issue in all of this, and lacking urgency that we have witnessed. they say, yeah, with days left before the fiscal punch lands, both sides are exhibiting little sense of urgency. rather than to foster progress. perry is that the biggest thing, the primaries moving out of this and how everything looks back? >> i think there are two things going on. the first is democrats generally feel they won a man dade. they're not backing down -- the second thing is the primary issue. you have members of congress say last week there was a proposal to raise taxes, and a lot of republicans said i
cliff, while attitudes towards republicans are consistently bad and the blame and disapproval is only growing for them. it's costing them in the polls and at the polls this crisis of leadership, this consistent blocking that every obama has tried to do. it's really over a tax increase, and for what? it's really to stop primary challenges. that's what this is all about. i mean, it's really bringing the country to a standstill for their own political short term. >> "new york...
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. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promi
. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain...
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the question, are you optimistic that congress will be able to reach a post-christmas fiscal cliff deal? not optimistic at all, not at all with the way the republicans and congress are acting right now, there's no way. from paul hyatt, yes, they will do it but always at the very last minute. paul asks what happened to statesman who work for the good of the people rather than their own agendas and pockets. keep the comments going, find us on twitter and facebook. >>> we all heard today is one of the biggest shopping days of the year, but it's also a day when consumers try to ditch those gifts not on the christmas lists, but it's always not that easy. >> so who has the time to wait in the long line to return something? i'd rather be home eating a christmas cookie. >> if you don't have any kind of a gift receipt, they make a big hassle about giving you store credit. >> despite the hassles, shoppers will return $62.7 billion in merchandise this holiday season. in florida for us this morning, joining to fill us in, how's it looking there, shoppers looking to collect on deals or return their
the question, are you optimistic that congress will be able to reach a post-christmas fiscal cliff deal? not optimistic at all, not at all with the way the republicans and congress are acting right now, there's no way. from paul hyatt, yes, they will do it but always at the very last minute. paul asks what happened to statesman who work for the good of the people rather than their own agendas and pockets. keep the comments going, find us on twitter and facebook. >>> we all heard today...
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you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing very very well at the top. we're not addressing fundamental changes in the economy. we're using these old political paradimes and we're stuck. our data sort of showed this. old ideas sort of improve, and -- we've got to think outside of the box. >> thank you, david rohde, for your perspective today. >> thank you. >>> the weather is being blamed for 12 deaths after dumping record snow in arkansas. the heaviest snowfall is expected in northern pennsylvania, upstate new york and new england. thousands of travelers have already been stranded at and i want across the country. >>> time for the your bess entrepren
you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing very very...
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. >>> with time running out to avoid the fiscal cliff, democrats and republicans have left the capital for home. for the majority of the country, that means we are going over that cliff. president obama is in hawaii for christmas with his family. before he left he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than 250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home in cincinnati. he failed to get members of his own party to support his plan b proposal for ending the crisis. speaker boehner says the stalemate and the failure of plan b is the democrats' fault. >> the president -- what the. has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenges the members of his party to deal honesty with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> th
. >>> with time running out to avoid the fiscal cliff, democrats and republicans have left the capital for home. for the majority of the country, that means we are going over that cliff. president obama is in hawaii for christmas with his family. before he left he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than 250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home...
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and save america from the fiscal cliff. how does the president win this optics war, grover? >> well, it's all politics. he's not put a proposal on the table that makes any sense. when talk about plans a, b, and c, the republicans have passed plan a, the ryan bill, ryan budget and plan. that saves $6 trillion over the next decade. it reforms entitlements. it reforms taxes. doesn't raise them, reforms them without raising taxes on people. so that's a plan that's written down that's passed the house of representatives and has strong support among republicans in the senate. the alternative is nothing. >> we know that's not going to pass the senate and we also know the white house isn't going to sign that. move on. my contention is after -- >> allow me. >> work with me. it's an important question. let's say president obama says we're going off the fiscal cliff. we go off the cliff. tax cuts expire, sequestration, they kick it down the road. if president obama then says i'm going to put in tax cuts for anyone making under $250,000 a year. i'm going to call them obama tax cuts. wil
and save america from the fiscal cliff. how does the president win this optics war, grover? >> well, it's all politics. he's not put a proposal on the table that makes any sense. when talk about plans a, b, and c, the republicans have passed plan a, the ryan bill, ryan budget and plan. that saves $6 trillion over the next decade. it reforms entitlements. it reforms taxes. doesn't raise them, reforms them without raising taxes on people. so that's a plan that's written down that's passed...
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about what will happen with the fiscal cliff and whether we'll go over it. it is unclear. >> brianna, can we expect any other lawmakers to like jump in and try to -- you mentioned harry reid. what about mitch mcconnell or someone, can we expect anybody else to do something besides the house speaker and the president? >> reporter: well, at this point i think the ball is really out of the court of president obama and house speaker john boehner. obviously something would have to get through the house, but we're definitely focusing on the senate. i will tell you talking to sources that it doesn't even appear that senate majority leader reid and senate minority leader mcconnell are talking. the discussions aren't under way yet. you talk to sources on the hill and you get the sense that reid is waiting for mcconnell to chime in and mcconnell is waiting for reid to chime in. so this is a bit of a standoff right now and we are waiting to see who is going to blink. that's really the question, who is going to blink first and the fact is we just don't know. >> brianna
about what will happen with the fiscal cliff and whether we'll go over it. it is unclear. >> brianna, can we expect any other lawmakers to like jump in and try to -- you mentioned harry reid. what about mitch mcconnell or someone, can we expect anybody else to do something besides the house speaker and the president? >> reporter: well, at this point i think the ball is really out of the court of president obama and house speaker john boehner. obviously something would have to get...
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i do begrudge what he's done in this fiscal cliff talks. it's been very clear from the beginning that he had no intention to solve the fiscal issues. he's been using this, and i must say with great skill and ruthless skill and success, to fracture and basically shatter the republican opposition. the only, you know, redoubt of the opposition is the house. and his objective from the very beginning was to break the will of the republicans in the house and to create an internal civil war and he's done that. how did he do it? from also insisting from day one after the election that the republicans had to raise rates. there's no reason at all to get the revenue that he needed and that the speaker was offering him that you had to raise rates. obama himself, as you know, said last july, july, 2011, you can get $1.2 trillion by eliminating loopholes, which is exactly what republicans offered him. so why did he insist on the rates? he said that is what he will insist upon, and that was the ultimatum. he did that because he knew it would create a cris
i do begrudge what he's done in this fiscal cliff talks. it's been very clear from the beginning that he had no intention to solve the fiscal issues. he's been using this, and i must say with great skill and ruthless skill and success, to fracture and basically shatter the republican opposition. the only, you know, redoubt of the opposition is the house. and his objective from the very beginning was to break the will of the republicans in the house and to create an internal civil war and he's...
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president obama and lawmakers return to washington day with just five days left to avert the fiscal cliff. all eyes will be on the senate after house republicans said it is up to senate leadership to reach a deal. daniel lee reports on the scramble to come together fast. >> president obama landing in washington late this morning. the senator replacing senator daniel in a way -- daniel in no way rode with him on air force one. >> i do not see how you can have a grand bargain involving tax reform entitlement changes in a matter of days. >> even starbucks is getting involved, right in "come together" on its cups. speaker john boehner is sitting the route out after failing to get house republicans to support his own plan. >> i think john boehner is being controlled, unfortunately, by the right wing. >> that leaves it up to majority leader harry ring in the red -- harry reid in the rest of the senate to find a solution. harry reid's plan will avoid tax creases for -- tax increases for people making too large and $50,000. >> you will see a two-step process here, one with the media dynamic so yo
president obama and lawmakers return to washington day with just five days left to avert the fiscal cliff. all eyes will be on the senate after house republicans said it is up to senate leadership to reach a deal. daniel lee reports on the scramble to come together fast. >> president obama landing in washington late this morning. the senator replacing senator daniel in a way -- daniel in no way rode with him on air force one. >> i do not see how you can have a grand bargain...
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Dec 27, 2012
12/12
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ben bernanke gave this situation the name fiscal cliff which sounds very dramatic and very scary. but what it is is an act of congress that they actually voted for. 174 republicans voted for this law that would then take effect on january 1st with all these spending cuts in it, and democrats -- 95 democrats in the house voted for it, 74 votes for it in the united states senate, and now congress is afraid of actually going through something that it voted for to occur on january 1st because it all feels too dramatic to them. and so there's something very peculiar. the crisis that congress is facing is can they undo something that they voted for, and can they undo it by new year's eve? >> it's irony and paradox upon irony. remember the reason the fiscal cliff is supposed to be so dangerous and the reason why so many people in washington are worried about the fiscal cliff is it's too much deficit reduction too fast. so all of this takes place against a debate about how to reduce the budget deficit. that's why you get into this theater of the absurd. >> well, and look at the tape you s
ben bernanke gave this situation the name fiscal cliff which sounds very dramatic and very scary. but what it is is an act of congress that they actually voted for. 174 republicans voted for this law that would then take effect on january 1st with all these spending cuts in it, and democrats -- 95 democrats in the house voted for it, 74 votes for it in the united states senate, and now congress is afraid of actually going through something that it voted for to occur on january 1st because it...
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Dec 28, 2012
12/12
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you say, we, republican are not trying to solve the fiscal cliff. we're trying to solve the debt and deficit. can you explain that? >> sure can. yeah, the white house has been very focused on what do we have to do to just get past the fiscal cliff. let's get over this bump and keep spend and keep going. in the house we're actually trying to solve the debt and deficit. let me illustrate this. we have a trillion dollars in deficit spending last four years. president says let's go back to the clinton levels of taxation. if we went back to the clinton levels of taxation we're still double the highest bush era of deficit spending still because spending was accelerated so much in 2009 and 2010. we're trying to bring the spending levels back down. on the contrary if we just brought the spending levels down to the clinton level spending instead of tax level going up to clinton level of tax it is would solve this. we're trying to solve the debt and deficit. we're trying to say how do we get out of debt. the president is saying let's get past the fiscal cliff
you say, we, republican are not trying to solve the fiscal cliff. we're trying to solve the debt and deficit. can you explain that? >> sure can. yeah, the white house has been very focused on what do we have to do to just get past the fiscal cliff. let's get over this bump and keep spend and keep going. in the house we're actually trying to solve the debt and deficit. let me illustrate this. we have a trillion dollars in deficit spending last four years. president says let's go back to...